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Podcast: Money Ripples Podcast
Episode: Are 529 Plans Best for College Savings | 545
Description: Is it wise for you to invest in a 529 plan? In my opinion, you should invest in a life insurance policy instead. I will back up my view with facts in this episode.529 plans are meant for college savings only and are invested in the stock market. The funds are based on the age of the child, and you do not control the money.One of the most significant shortcomings with 529 plans is that you do not have control over your money and if your child ends up not using the money, you risk getting penalized...